North America Ignition Interlock Devices Market : Cagr 5.6% And Estimated Value Us$ 48.8 Million By 2021

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North America Ignition Interlock Devices Market : CAGR 5.6% and Estimated Value US$ 48.8 Million by 2021 Persistence Market Research North America Ignition Interlock Devices Market : CAGR 5.6% and Estimated Value US$ 48.8 Million by 2021 By PMR Persistence Market Research 1 North America Ignition Interlock Devices Market : CAGR 5.6% and Estimated Value US$ 48.8 Million by 2021 Persistence Market Research Released New Market Report on “North America Ignition Interlock Devices Market : CAGR 5.6% and Estimated Value US$ 48.8 Million by 2021”. Persistence Market Research (PMR) announces the release of its latest report titled “North America Market Study on Ignition Interlock Devices: Increasing Incidences of DUI to Catalyze IID Demand in North America ”. According to the report, the North America ignition interlock devices market has been estimated to account for US$ 35.1 Mn by 2015 end and is expected to reach US$ 48.8 Mn by 2021 at CAGR of 5.6% during the forecast period. Interested in report: Please follow the below the links to meet your requirements; Request for the Report Sample: http://www.persistencemarketresearch.com/samples/9170 In this report, the market has been segmented on the basis of technology, end use, and country. Each country is further segmented on the basis of technology and end-use. By technology, the market is segmented into two types, i.e., fuel cell technology and semiconductor technology. The fuel cell technology segment has been estimated to dominate the North America ignition interlock devices market, with the revenue share of 96.2% by 2015 end. This growth can be attributed to alcohol-specific judgment offered by fuel cell technology, high accuracy, calibration stability, and durability. In terms of end use, ignition interlock devices market in North America is classified as compliance segment and commercial segment. Compliance segment includes users of ignition interlock devices who are convicted in DUI incidences. Compliance segment has been estimated to account for approximately 97.3% of the total market revenue by 2015 end and is expected to expand at a healthy CAGR of 5.7% during the forecast period. The commercial segment is anticipated to register a CAGR of 2% in terms of value during the forecast period. In North America market, the semiconductor technology segment has been estimated to account for a miniscule share of 3.8% by 2015 end and is anticipated to expand at a CAGR of 1.4% during the forecast period owing to economical pricing as compared to fuel cell technology. Persistence Market Research 2 North America Ignition Interlock Devices Market : CAGR 5.6% and Estimated Value US$ 48.8 Million by 2021 Ignition interlock devices North America market is mainly driven by stringent NHTSA regulation against drunk driving, voluntary use of ignition interlock devices by commercial fleet owners as a preventive measure against drunk driving, reduction in driving license suspension period of convicted driver using of ignition interlock devices, state ignition interlock programs etc. Involvement of social organizations such as Mothers Against Drunk Driving (MADD) or Fathers Against Drunk Driving (FADD) has been contributing significantly to increased demand for ignition interlock devices in North America. However, launch of inbuilt ignition interlock systems by OEMs such as Volvo, or introduction of newer technologies – such as Sober Steering Company’s sensor technology which allows driver to confirm sobriety by placing a hand on a sensor pad attached to the dashboard or steering wheel – could pose a major threat to growth of the overall ignition interlock devices market. Social awkwardness caused while using a device in public could also pose as a restraint. View TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/market-research/north-america-ignition-interlockdevices-market/toc Country-wise, the U.S. has been estimated to dominate the North America ignition interlock devices market by 2015 end and is expected to expand at CAGR of 6.8% in terms of volume during the forecast period. This can mainly attribute to ignition interlock programs in each state in the U.S. Browse Full Report: http://www.persistencemarketresearch.com/market-research/northamerica-ignition-interlock-devices-market.asp Each state in the U.S has its own ignition interlock program, wherein a DUI offender ordered by a judge to install ignition interlock device in his or her vehicles needs to participate in a program upon payment of a prescribed fee in order to regain his/her license. To Buy this Full Report: http://www.persistencemarketresearch.com/checkout/9170 Key market players are focusing on offering added features such as sleep mode (to save vehicle battery power), GPS tracker, real-time monitoring, and camera in ignition interlock Persistence Market Research 3 North America Ignition Interlock Devices Market : CAGR 5.6% and Estimated Value US$ 48.8 Million by 2021 device to enable efficient and accurate monitoring. Companies primarily promote their product through tie-ups with DUI attorneys, referral programs, and involvement with social organizations. Key market players in the North America ignition interlock device market include Smartstart Inc., Lifesafer Inc., Alcohol Countermeasure Systems, Intoxalock, Drägerwerk AG & Co. KGaA, Monitech LLC, Alco Alert Interlock, Inc., and Guardian Interlock, LLC. Persistence Market Research 4 North America Ignition Interlock Devices Market : CAGR 5.6% and Estimated Value US$ 48.8 Million by 2021 Market Bytes: Ignition interlock device is an advanced breathalyser installed in vehicles to measure the Blood Alcohol Content (BAC) of the driver, wherein the driver needs to blow breath into the device to give his breath sample. If the alcohol content in the breath sample is more than pre-set limit of the device, the vehicle would not start. Ignition interlock device is used as a tool against drunk driving. The ignition interlock device can be used by drivers convicted of DUI as well as by voluntary users who are not convicted of DUI. In order to use this device, the user needs to pay a number of fees, such as installation charges, monitoring fees, device calibration charges, etc. Use of ignition interlock device helps the convicted driver to regain his license much before the completion of his suspension period. However, laws regarding the usage of these devices differ in each state of the U.S and Canada. Some states have made the usage of device mandatory for first-time offenders, while in other states, it’s compulsory for second or third-time offenders. The trend in this market is the provision of devices with added features by current market players, such as camera, GPS tracker, and attractive cup shaped packaging, in view of avoiding the social awkwardness caused by the usage of ignition interlock device The North America ignition interlock devices market was valued at US$ 35.1 Mn in 2015 and is anticipated to reach US$ 48.8 Mn, expanding at healthy CAGR of 6.6% in terms of volume and 5.6% in terms of value, over the forecast period. By technology, the fuel cell technology segment accounted for approximately 97.3% value share of the total market in 2015 and is expected to continue to dominate the market, expanding at a CAGR of 5.8% in terms of value throughout the forecast period. Currently, the key focus of the major market players lies on offering added features such as mobile application, real-time monitoring, GPS tracker, etc. Some of the major market players in the North America ignition interlock devices market include Smartstart Inc., Lifesafer Inc., Drägerwerk AG & Co. KGaA, Alcohol Countermeasure Systems (International) Inc., Intoxalock, Monitech LLC, Alco Alert Interlock, Inc., and Guardian Interlock System Corp. Persistence Market Research 5 North America Ignition Interlock Devices Market : CAGR 5.6% and Estimated Value US$ 48.8 Million by 2021 Persistence Market Research 6 North America Ignition Interlock Devices Market : CAGR 5.6% and Estimated Value US$ 48.8 Million by 2021 About Us Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values. Contact Persistence Market Research 305 Broadway 7th Floor, New York City, NY 10007, United States USA - Canada Toll Free: +1 800-961-0353 Email: [email protected] [email protected] Web: http://www.persistencemarketresearch.com Persistence Market Research 7